Credit Suisse Makes $1.7 Billion Greensill-Linked Fund Repayment

Credit Suisse Group AG said it’s making repayments to investors in its $10 billion Greensill supply-chain finance funds amounting to about half the money owed, after the scandal-hit funds were put into liquidation over valuation concerns.

The bank is making a further $1.7 billion disbursement to investors in the funds that were managed with former billionaire Lex Greensill’s firm, taking the overall amount repaid to about $4.8 billion, according to a statement on Tuesday. The Swiss lender is focusing on three segments of exposure in the funds which are causing uncertainty about valuation and said it plans to give ...